About 11429 Frey Court
Rare opportunity to own lakefront rental housing in Livingston County. Situated on approximately four acres with private frontage on Hamburg Lake, this 17-unit apartment community offers a tremendous value add opportunity. The property consists of 4 one-bedroom units, 12 two-bedroom units, and 1 three-bedroom unit, with 15 of the 17 units currently occupied. Average monthly rent across the property is $1,015 per unit. At the current income level, the property is offered at a 9.23% in-place capitalization rate. Comparable sales exceed $100,000 per unit. See offering memorandum for more details.
Features of 11429 Frey Court
| MLS® # | 20251038603 |
|---|---|
| Price | $1,500,000 |
| Bathrooms | 17.00 |
| Full Baths | 17 |
| Square Footage | 12,400 |
| Acres | 4.05 |
| Year Built | 1965 |
| Type | Multifamily |
| Sub-Type | Cottage |
| Style | Cottage |
| Status | Active |
Community Information
| Address | 11429 Frey Court |
|---|---|
| Area | 01151 - Hamburg Twp |
| Subdivision | ISLAND LAKE COLONY SUB |
| City | Brighton city |
| County | Livingston |
| State | Michigan |
| Zip Code | 48116 |
Amenities
| Utilities | Above Ground Utilities, Cable Available |
|---|---|
| Is Waterfront | Yes |
| Waterfront | Beach Access, Beach Front, Dock Facilities, Lake Front, No Motor Lake, Private Water Frontage, Waterfront, Across the Road Water Frontage |
| Has Pool | No |
Interior
| Heating | Forced Air, Other Heating Source |
|---|---|
| Fireplace | No |
Exterior
| Construction | Vinyl Siding, Wood Siding |
|---|---|
| Foundation | Crawl Space, Slab |
School Information
| District | Pinckney |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | OakPointe Real Estate Advisors |
|---|---|
| Contact Info | mmrealestatemi@gmail.com |